Listed firm’s pension scheme bought out by specialist insurer

Around 2,000 pensions amounting to £210m at AIM-listed 600 Group have been bought out by a specialist insurer.

The engineering group has announced that the Trustee of its UK defined benefits scheme has agreed to a buyout of the scheme liabilities by Pension Insurance Corporation, a specialist insurer.  

Agreement has been reached for the pension scheme liabilities of £201m covering some 2,000 pensioners and 800 deferred members to be entirely transferred to Pension Insurance Cor... For the full story register now for free or login below...